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Property profile & analytics
OFF-MARKET
Automotive properties
9960 Fairhope Ave Fairhope, AL 36532-4204
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-3061009
Property summary
AI-generated overview
This exceptional commercial property, located at 9960 Fairhope Ave, Fairhope, AL 36532, presents a unique investment opportunity. The 2,350 square foot building, classified as Class B, sits on two lots (PPIN: 202636 and 307992) and is situated on State Highway 181 and Fairhope Avenue/County Rd 48, ensuring high visibility and accessibility. Previously a car wash, the building offers versatile potential for repurposing into various commercial ventures, including restaurants, offices, or retail businesses. The existing layout includes two drive-thru lanes, ideal for businesses requiring this service. The asking price is $649,000, translating to $276.17 per square foot. The property is under a ground lease. Its strategic location next to a busy gas station guarantees high traffic volume. The existing car wash equipment can be removed to accommodate the new owner's specific needs. This property offers ample space for expansion or additional parking, making it an attractive investment in a thriving commercial area. The property is ready for immediate occupancy and offers significant potential for high returns.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2008
Total area
2,350 SF
Lot
0.5 ac (21,780 SF)
APN
46-05-15-0-000-003.588
UPID
US03-3061009
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rajendra Patel · 2 yrs held
Rajendra Patel
since 2023
Last sale
$390,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fairhope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairhope submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,471
Tax year 2023
Assessed value
$53,720
Assessed 2023
Previous assessed
$53,720
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$35,040
Assessed improvement
$18,680
Land market value
$175,200
Improvement market value
$93,400
Total market value
$268,600
Applied tax rate
63.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2008
Heating
NONE
Total area
2,350 SF
Lot
0.5 ac (21,780 SF)
APN
46-05-15-0-000-003.588
UPID
US03-3061009
Jurisdiction
BALDWIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Lot
0.5 ac
Current owner
From public records · entity-resolved
Rajendra Patel
Individual
Mailing address
7283 SAYBROOK BLVD, FAIRHOPE, AL 36533
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
—
Rajendra Patel
Fairhope Single Tax Corporation
Lease
—
Jul 27, 2023
$390,000
Rajendra Patel
Twin Oaks Co INC
Warranty Deed
$312,000 · River Bank & Trust
Oct 12, 2020
—
Twin Oaks Co
—
Deed
related
$1,177,536 · Bbva USA
May 11, 2011
$368,000
Twin Oaks Co INC
First Bk
Grant Deed
related
$330,000 · Wells Fargo Bk Nw NA
Mar 11, 2011
—
Bk First
Auctioneer Of Baldwin County
Trustees Deed
related
—
Nov 9, 2007
$1,037,500
Smith Craig Enterprises INC
Cet Enterprises INC
Grant Deed
$1,037,000 · Small Business Loan Source INC
—
—
Twin Oaks LLC
—
Loan Modification
related
—
—
—
Twin Oaks LLC
—
Deed Of Trust
related
$2,740,000 · Compass Bk
—
—
Twin Oaks Co
—
Deed Of Trust
related
$1,177,536 · Bbva USA
—
—
Twin Oaks Co
—
Deed Of Trust
related
$1,177,536 · Bbva USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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